China News Direct

 
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Beijing helps Sichuan firms resume operation
(May 31, 2008) The Chinese government is encouraging industrial companies in the province of Sichuan to resume production in one year and is providing financial and policy supports to speed up post-quake rebuilds. The Ministry of Industry and Information (MII) will assist companies to resume production in the next three months and expects ...
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Eastern Air, Korean Air expand code share partnership
(May 31, 2008) China Eastern Airlines and Korean Air have expanded their code share cooperations and signed an unrestrained sales agreement on their operations in the summer. According to the new agreement, effective June 1, the two carriers will share flight codes on five routes between the city of Incheon in South Korea ...
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China Development Bank enters financial leasing sector
(May 31, 2008) China Development Bank (CDB) has opened a financial leasing company in the city of Shenzhen in the Guangdong province in late May. The bank bought the Shenzhen Financial Leasing Company and injected RMB7 billion to restructure it with the permission of the China Banking Regulatory Commission (CBRC). The registered capital ...
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Shanghai International to buy real estate and infrastructure assets
(May 31, 2008) Hong Kong-listed conglomerate Shanghai Industrial Holdings has decided to boost its real estate, infrastructure and pharmaceutical business, says president Teng Yilong. The company wants to acquire quality assets from its mother company to develop core business. Market rumours state that the company would buy Four Seasons Hotel Shanghai and the ...
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Communication industry loses over US$960mn in Sichuan quake
(May 30, 2008) The Ministry of Industry and Information Technology said as of 30 May, the Sichuan earthquake is preliminarily estimated to cause a loss of US$960 million to the communication industry in China. The ministry asked telecom companies to restore communications as soon as possible as communication volumes in and out of ...
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Qingdao opens shipping route to Pyeongtaek
(May 30, 2008) The Port of Qingdao in Shandong province opened its fourth shipping route to South Korea in late May. The new shipping route will link Qingdao to the city of Pyeongtaek. The port is currently operating three routes to the cities of Incheon, Busan and Gunsan. The first vessel to navigate ...
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HK to consolidate edge through adding international flight destinations
(May 30, 2008) Victor Fung, Chairman of the Hong Kong Airport Authority, says the Hong Kong international aviation hub status would face challenges from the so-called Three Direct Links between China and Taiwan in the long run. He thinks that Hong Kong should open the sky in order to consolidate its edge. Fung ...
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TD-SCDMA upgrade faces three challenges*
(May 30, 2008) China's Ministry of Information and Industry (MII) expert, Jiang Shaobing says the upgrade of the TD-SCDMA network for trial operation has three problems. Firstly, since the smart antenna range of TD-SCDMA is broad, choosing a location for the base station and installation will need more time. While the TD-SCDMA system ...
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Zhejiang's Haiyan targets coastal development
(May 30, 2008) Zhejiang province's Haiyan county unveals a coastal development strategy at a Hong Kong investment fair on May 29 and says coastal industry, port logistics, tourism, and property are the focuses. Wang says the coastal industry is an important part of the county's development and it will focus on advanced manufacturings, ...
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Guangdong RMB50bn to help industry & work force relocation
(May 30, 2008) Guangdong Province has decided to allocate RMB50 billion to launch seven new measures to help industry and work force relocations from the period 2008 to 2012. Of the budget the province will spend RMB40 billion on infrastructure development and industry relocation parks, developing highlighted industries and offering free skill trainings. ...
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